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Research analysts at Williams Capital lowered their target price on shares of Bloomin' Brands (NASDAQ:BLMN) from $30.00 to $22.00 in a report released on Tuesday. The firm currently has an “outperform” rating on the stock. Williams Capital’s price objective suggests a potential upside of 36.73% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Bloomin' Brands in a research note on Wednesday, August 6th. They now have a $20.00 price target on the stock, down previously from $27.00. Separately, analysts at Morgan Stanley cut their price target on shares of Bloomin' Brands from $26.00 to $21.00 in a research note on Wednesday, August 6th. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Bloomin' Brands from $25.00 to $18.00 in a research note on Wednesday, August 6th. They now have an “overweight” rating on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $22.33.

Bloomin' Brands (NASDAQ:BLMN) traded down 0.25% during mid-day trading on Tuesday, hitting $16.05. The stock had a trading volume of 260,703 shares. Bloomin' Brands has a 52-week low of $15.01 and a 52-week high of $27.27. The stock has a 50-day moving average of $20.39 and a 200-day moving average of $22.22. The company has a market cap of $2.010 billion and a price-to-earnings ratio of 13.61.

Bloomin' Brands (NASDAQ:BLMN) last announced its earnings results on Tuesday, August 5th. The company reported $0.27 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.29 by $0.02. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted $0.25 earnings per share. Bloomin' Brands’s revenue was up 9.6% compared to the same quarter last year. On average, analysts predict that Bloomin' Brands will post $1.09 earnings per share for the current fiscal year.

Bloomin’ Brands, Inc is a holding company. It is a casual dining restaurant company with a portfolio of restaurant concepts.

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